Friday, September 15, 2006

Pulsar 180 V3 next week

Its official now

"Bajaj Auto is planning to launch an upgraded version of Pulsar 180cc next week. The bike is expected to be priced at around Rs 60000."

"Bajaj is commanding leadership in the premium 150cc segment of the market with continued success of Pulsar twins which is expected to strengthen further after the new launch."

"The company has also cut the price of its entry level 100cc model Platina by Rs 2000 in order to increase its market share from current 29-30% in the entry level segment."

"With continued growth of motorcycles, Bajaj has consistently outperformed the industry."

"The stock trades at 17.6x its FY08P earnings which offeres further upside from its core business as well as value un-locking from its insurance subsidiaries. We maintain our buy recommendation."